Corporates

Ambercycle and Shenghong Partner to Scale Circular Filament Yarns

Textile Insights January 8, 2025

Ambercycle, a leader in circular materials, has joined forces with Shenghong Holding Group to scale the production of regenerated filament yarns made with cycora® material. This strategic partnership integrates cycora® into the Chinese value chain, addressing the global demand for truly

Technical Textile & Nonwoven

Climate Smart Agro-Textile Demonstration Centre Launched In Navsari

Textile Insights January 8, 2025

The Ministry of Textiles, in collaboration with the Synthetic & Art Silk Mills’ Research Association (SASMIRA), has inaugurated the Climate Smart Agro-Textile Demonstration Centre. The centre, spanning 15,000 sq. metres, was launched in the presence of C.R. Patil, Minister of Jal Shakti, to promote sustainable and innovative farming solutions through agro-textiles.

Technical Textile & Nonwoven

India’s Technical Textile Exports Grew 6.2% In Apr-Nov 2024: NTTM Mission Director A K Malhotra

Textile Insights January 8, 2025

The Mission Director of the National Technical Textiles Mission (NTTM) Ashok Kumar Malhotra, has announced a significant 6.2% increase in India’s exports of specialized technical textile products. Between April and November this year, exports reached US$ 342 million, compared to US$ 275 million during the same period last year. Speaking on the current landscape, Malhotra

Industry

Bangladesh Launches National Single Window To Streamline Trade

Textile Insights January 6, 2025

The National Board of Revenue (NBR) of Bangladesh has launched the National Single Window (NSW) to simplify import-export processes, bringing seven key customs agencies under one digital platform. The system, unveiled at a city event, aims to eliminate paperwork, reduce costs, and speed up goods clearance, benefiting traders and businesses. With agencies like the

Corporates

Globe Textiles Reports Robust Growth, Net Profit Doubles In Q2 FY24-25

Textile Insights January 6, 2025

Globe Textiles (India) Ltd has posted impressive financial results for the quarter ending September 2024, marking a significant milestone in its growth trajectory. The company achieved a 35.12% increase in consolidated revenue, reaching Rs 15,019.77 lakhs, up from Rs 11,115.74 lakhs in the same quarter of FY23-24. Net profit surged by 102.20%, reaching Rs 380.76 […]

Industry

DGTR Launches Anti-Dumping Probe On Nylon Yarn Imports

Textile Insights January 6, 2025

India’s Directorate General of Trade Remedies (DGTR) has initiated an anti-dumping investigation into the import of nylon filament yarn from China and Vietnam, according to the Trade Remedies Authority of Vietnam. The investigation targets nylon filament yarn under the following Harmonized System (HS) codes: 54021910, 54021990, 54023100, 54023200, 54024500, 54025100,

Industry

MPTMA Proposes Green Zero-Waste PM MITRA Park In Dhar

Textile Insights January 6, 2025

The Madhya Pradesh Textile Mills Association (MPTMA) has urged the government to establish the upcoming PM MITRA Park in Dhar district as a zero-waste generation hub, incorporating renewable energy sources into its framework. The association believes that promoting a green environment within the park could significantly enhance its attractiveness to foreign investors. In a

Industry

AEPC Urges Tax Reforms In Budget 2025 To Boost Garment Exports

Textile Insights January 6, 2025

The Apparel Export Promotion Council (AEPC) has urged the government to introduce critical tax incentives and policy reforms in the upcoming Union Budget 2025 to enhance the competitiveness of India’s garment export sector. In its statement on Saturday, the council highlighted the need for measures to streamline compliance, support manufacturing and reduce operational

Apparel, Fashion, Retail

Lululemon Welcomes PGA Golfer Max Homa as Its Newest Brand Ambassador

Textile Insights January 6, 2025

Lululemon has announced PGA Tour golfer Max Homa as the latest addition to its roster of brand ambassadors. Currently ranked 27th in the official World Golf Ranking, Homa brings both skill and personality to the partnership. A six-time PGA tour winner, he achieved three top-10 finishes in 2024, solidifying his status as one of the […]

Corporates

Gurpreet Bhatia Appointed President & CEO Of Arvind Advanced Materials

Textile Insights January 6, 2025

Arvind Advanced Materials has appointed Gurpreet Bhatia as its new President and CEO. With extensive leadership experience across energy, manufacturing and advanced materials industries, Bhatia brings a wealth of expertise to the role. Bhatia previously served as Managing Director and CEO of Livguard Energy Technology Private Ltd, where he spearheaded innovation and